Finance Manager in Lagos, Nigeria

at R.S Hunter

Financial Services
Minimum Qualification
Bachelor's Degree
Required Experience
7 - 10 years
Employment Type
Full Time
Male or Female
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Job Description


    Responsible for managing the local accounting function and acting as liaison for local statutory, government and aviation authority, fulfilling all reporting requirements and ensuring compliance. Provide timely, effective and comprehensive communication to the Management Team regarding compliance, the status of all reporting, any potential issues and proposed solutions.

    Responsible for managing the local banking relationship and all local treasury processes, primarily the timely repatriation of funds.

    To provide high quality management information and month end reporting with concise and meaningful commentary to explain variances and highlight key issues.

    To supervise the payable process, ensuring adherence to procurement and expense policies, overseeing the timely flow of invoices and payments whilst maximising cash-flow.

    Responsible for accurate reporting of costs in the P&L and the AP related balance sheet reconciliations.

    To supervise the receivables processes, including sales and bank reconciliations, Responsible for the timely and accurate reconciliation of AR related balance sheet accounts.

    To assist the Manager to deliver quality annual budgets and forecasts and ensure that an appropriate level of improvement and challenge is built into the plans.


    Ensure timely and accurate calculation and remittance of all taxes, including but not limited to: WHT, VAT, Expat Tax, NG Tax, TE Security Tax

    Maintain solid relationship between local Finance and statutory bodies including but not limited to: IATA, FIRS, Lagos State and the external auditors

    Oversee reconciliation of bank accounts

    Prepare data for repatriation of funds

    Weekly meetings with banking partners

    Deliver monthly cost centre reports with in depth variance analysis, highlight issues & suggestions for corrective action

    Manage accruals and prepayments

    Review supplier contracts for tender with budget holder

    Recommend supplier consolidation where possible

    Maintain comprehensive local contract database

    Supervise the core payables function

    Ensure timely and accurate capture of supplier invoices

    Ensure invoices are reconciled to supplier statement and Oracle before payments are made

    Authorise supplier payments for input into online banking

    Review payables related balance sheet reconciliations

    Reconcile deposits paid and maintain annual confirmation

    Supervise the core receivables function:

    Accurate reconciliation of daily sales to bank

    Robust and effective Credit Control

    Review receivables related balance sheet reconciliations

    Work with the budget holders to prepare annual budget and forecast for all local expenditure, including all headcount, overheads and marketing costs

    Provide variance analysis between budget submissions and prior year spend or local targets

    Ensure sufficient and appropriate challenge is built into the budget and provide suggestions to increase financial control

    Create short and long term objectives and maintain frequent reviews, adjusting and updating accordingly

    Implement plan with the team to drive improvement in the payables processes, reviews and controls.



    Strong communication and negotiation skills

    Excellent analysis capability, proven in a commercial environment

    Excellent attention to detail, with strong reconciliation skills

    Ability to operate under pressure and tight deadlines

    Positive and pragmatic approach to achieving results

    Enthusiastic and resilient personality and the ability to self-motivate

Qualifications and Experience

    Qualified and minimum of 7-10 years financial and management accounting experience

    Experience of managing and motivating a team

    Experience of handling external suppliers and service providers

    Excellent commercial acumen and good business knowledge

    Experience of financial systems – preferably Oracle

    Intermediate – Advanced level Excel skills.

  Apply Now

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